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re: Official CryptoTalk Thread
Posted on 12/27/21 at 8:48 pm to Hulkklogan
Posted on 12/27/21 at 8:48 pm to Hulkklogan
I have been buying crv on Coinbase
1
Posted on 12/27/21 at 8:51 pm to burgeman
I've never staked CRV, it can only be staked on Ethereum network which will cost you an arm and a leg.
I stay on Polygon. I deposit my blue chips into Aave, borrow stables against it, then put the stables into Curve atricrypto pool. Then I take that LP token and deposit it into Beefy Finance's autocompound vault.
I stay on Polygon. I deposit my blue chips into Aave, borrow stables against it, then put the stables into Curve atricrypto pool. Then I take that LP token and deposit it into Beefy Finance's autocompound vault.
Posted on 12/27/21 at 8:59 pm to Hulkklogan
That’s a great play.
Posted on 12/27/21 at 9:08 pm to Hulkklogan
quote:
stay on Polygon. I deposit my blue chips into Aave, borrow stables against it, then put the stables into Curve atricrypto pool. Then I take that LP token and deposit it into Beefy Finance's autocompound vault.
Is this real or being sarcastic? It’s sounds like an insane amount of work.
Posted on 12/27/21 at 9:14 pm to supadave3
Very real. Takes 10 minutes to do and it's been like that for.. months, probably. In fact, I'm down on the deal because ETH and BTC dropped so much in the time I've been in the pool, but because it's ETH and BTC I have full faith in a recovery.
This is defi. I make ~3% APR in Aave to keep assets there and borrow against them, then I make ~30-35% on my liquidity position in the Beefy vault. But that position is 3 stables, ETH, and BTC so it's a great return, safe, and low impermanent loss.
This is defi. I make ~3% APR in Aave to keep assets there and borrow against them, then I make ~30-35% on my liquidity position in the Beefy vault. But that position is 3 stables, ETH, and BTC so it's a great return, safe, and low impermanent loss.
This post was edited on 12/27/21 at 9:22 pm
Posted on 12/28/21 at 1:31 pm to FlyinTiger93
quote:
chainlink moving, finally
Crash incoming
Like clockwork
This post was edited on 12/28/21 at 1:42 pm
Posted on 12/28/21 at 1:38 pm to Hulkklogan
And that’s the low risk plays. Getting 5% a day on nacho.
Posted on 12/28/21 at 2:06 pm to eng08
Right, that's a "set it and forget it" kind of play, as long as you don't get dumb about the Aave loan. I took out the loan at a 2.25 health factor, so even if the market tanks by 50% overnight I'm not liquidated, not really even stressed. It's down to 2.07 right now during this little dip, but still not sweating it. I don't sweat until it's ~1.4 lol.
This post was edited on 12/28/21 at 2:08 pm
Posted on 12/28/21 at 2:24 pm to Hulkklogan
I haven't gone over to aave to see how it works. Does it connect to your other wallets, or do you have to actually move your coins to aave?
Posted on 12/28/21 at 2:26 pm to LSUJuice
Connect then deposit as collateral.
Posted on 12/28/21 at 2:44 pm to eng08
NTY
RING is getting wrecked. I have three gold nodes on the BSC network, then they open up access to buy Ring nodes on the Avax network, which I'm not against. However to make a node on Avax network you have to purchase xRING. I do not understand how they are going to keep xRING and RING, two different tokens on two different networks in price parity.
The dev team over at Ring seems like a bunch of dumbasses. Before learning about them I aped in and purchased 3 RING nodes on a 40% off promotion that Tactical Investing guy on YouTube was promoting. I guess I'm the dumbass now. He had nine nodes at the time. He has since pulled his videos promoting RING. The thing is once you purchase a node you cannot redeem them. All you can do is claim rewards form your nodes. At this point it's going to take probably 6 months to a year to break even. Oh well.
RING is getting wrecked. I have three gold nodes on the BSC network, then they open up access to buy Ring nodes on the Avax network, which I'm not against. However to make a node on Avax network you have to purchase xRING. I do not understand how they are going to keep xRING and RING, two different tokens on two different networks in price parity.
The dev team over at Ring seems like a bunch of dumbasses. Before learning about them I aped in and purchased 3 RING nodes on a 40% off promotion that Tactical Investing guy on YouTube was promoting. I guess I'm the dumbass now. He had nine nodes at the time. He has since pulled his videos promoting RING. The thing is once you purchase a node you cannot redeem them. All you can do is claim rewards form your nodes. At this point it's going to take probably 6 months to a year to break even. Oh well.
Posted on 12/28/21 at 3:22 pm to GumboPot
A few protocols I’ve been in have done that, then the smart ones launch converters that take a small fee (1% or less). Then they do the first few juicy arbs, then let arb bots keep it close.
This post was edited on 12/28/21 at 3:23 pm
Posted on 12/28/21 at 4:55 pm to Hulkklogan
quote:
This is creating the rapid rotations as people already in the space shift assets around looking for returns - DeFi then NFT's then L1's. Lots of churn, net net, no new meaningful increase in market cap - an overall sideways market
quote:
This is a market to HODL a broad mix of quality names on top of main core positions and don't try to chase returns unless you know what you are doing...
I always take what Pal says with a grain of salt because he's a huge ETH bull (even if I like the hopium), but I can agree with the above as far as retail is concerned. He also know his shite on institutional investments.
Posted on 12/28/21 at 5:48 pm to BottomlandBrew
yeah, pal and guys like saylor will always be a few steps behind the true meta of the market
fine for most people to just follow what they do and/or say but yeah, huge opportunity all year to increase our portfolio by rotating
fine for most people to just follow what they do and/or say but yeah, huge opportunity all year to increase our portfolio by rotating
Posted on 12/28/21 at 5:59 pm to rocket31
just hope you guys rotate/get out in time when the leverage is called from the system eventually
I am all for y'all kicking arse in the meantime, however, but man just too much for me to pay attention to
I am all for y'all kicking arse in the meantime, however, but man just too much for me to pay attention to
Posted on 12/28/21 at 6:05 pm to Shankopotomus
Yeah the real big brain "i can see the future" play would've been to just diversify into all of the L1s early on and hold them until a glow-up.
As it is now, there are still some L1s that could blow up, but I have no idea I'd they will or if the L1 trend continues. Harmony One, Tezos (becoming the home of a lot of NFT projects), Algo.
Algo, in particular, launched a huge incentive program a couple of months ago to get devs into the space to build a bridge and defi apps, so I am pretty bullish on Algo's price action in the next ~6 months just because of that and the trends of the year, assuming a big chunk of it goes to defi incentives.
I don't know anything about Algo the chain, though.
As it is now, there are still some L1s that could blow up, but I have no idea I'd they will or if the L1 trend continues. Harmony One, Tezos (becoming the home of a lot of NFT projects), Algo.
Algo, in particular, launched a huge incentive program a couple of months ago to get devs into the space to build a bridge and defi apps, so I am pretty bullish on Algo's price action in the next ~6 months just because of that and the trends of the year, assuming a big chunk of it goes to defi incentives.
I don't know anything about Algo the chain, though.
This post was edited on 12/28/21 at 6:14 pm
Posted on 12/28/21 at 6:26 pm to Shankopotomus
sorry its my favorite meme
but joking aside, yeah, i think about the downside often and mitigate that in various ways with stable coin yields etc
its unfinished theory but im thinking that we have a few more waves of rotators until everyone is onboard and comfy. btc maxis got rich. eth maxis got rich. solunaavax maxis got rich, etc etc
if more L1s grow like solunaavax did this year then this theory would be confirmed. rose, atom, tezos, fantom, one, among others.
it was silly for bitcoin maxis to think people would pump their bags. it was silly for eth maxis to think people would pump their bags etc
how this all ends, i think very badly but guess we will see
Posted on 12/28/21 at 6:31 pm to rocket31
quote:
how this all ends, i think very badly but guess we will see
How what ends?
Posted on 12/28/21 at 6:37 pm to rocket31
I don't think the Maxis are fricked any more than the rotators wanting 5000% gains on every shitcoin play (sry :lol)
Get rich quick is WAY more prevalent in that world than actually building good stuff in far too many cases that I can see
Can I haz shitcoin index plz?!
Get rich quick is WAY more prevalent in that world than actually building good stuff in far too many cases that I can see
Can I haz shitcoin index plz?!
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